This is an older blog post, you will find one on more recent data here
These interactive presentations contain the latest oil & gas production data from all 24,232 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through December 2019.
December oil production was up slightly from the previous month, but down year-over-year. Almost 2,000 wells were completed last year, a similar level as the year before (2,168).
On average, well productivity did not change last year compared with the previous year, as you can find in the bottom chart of the “Well quality” tab.
The overall output from the top operators and the location of their wells are displayed in the “Top operators” view. EOG, the number 1, produced 260 thousand bo/d in this basin, exactly the same volume it did 5 years earlier. It increased again in January, based on preliminary data available in our subscription services.
The ‘Advanced Insights’ presentation is displayed below:
This “Ultimate recovery” overview reveals the relationship between production rates and cumulative production. Wells are grouped and averaged by the year in which production started.
If you group the wells by quarter (or month) you will see more granular and recent data. You will then also see that well results haven’t improved since Q4 2017.
In this screenshot, taken from ShaleProfile Analytics, you can see how well performance has changed in the last couple of years in the top-4 counties (based on well results) in the Eagle Ford, measured by the cumulative oil recovered in the first year:
Early next week, we will have a new post on all covered states in the US. We will then also announce a new dashboard, which we believe is very relevant for the current market situation: it will show production forecasts based on different rig count assumptions.
Production and completion data is subject to revisions, especially for the last few months.
For this presentation, I used data gathered from the following sources:
- Texas RRC. Production data is provided on lease level. Individual well production data is estimated from a range of data sources, including regular well tests, and pending lease reports.
The presentations above have many interactive features:
- You can click through the blocks on the top to see the slides.
- Each slide has filters that can be set, e.g. to select individual or groups of operators. You can first click “all” to deselect all items. You have to click the “apply” button at the bottom to enforce the changes. After that, click anywhere on the presentation.
- Tooltips are shown by just hovering the mouse over parts of the presentation.
- You can move the map around, and zoom in/out.
- By clicking on the legend you can highlight the related data.
- Note that filters have to be set for each tab separately.
- The operator who currently owns the well is designated by “operator (current)”. The operator who operated a well in a past month is designated by “operator (actual)”. This distinction is useful when the ownership of a well changed over time.
- If you have any questions on how to use the interactivity, or how to analyze specific questions, please don’t hesitate to ask.